Page 9 - CFPA-SCR-CII-W01-Corrigé des Quizz

CFPA - SCR - CII - Module W01

Quizz n°2 - 17/07/2019

1. Risk is described as:

A. How loss occurs
B. Possibility of loss
C. A hazard
D. A Peril

2. A risk manager’s role is to work with an organisation to:

A. Identify, analyse & control risk
B. Write a survey report for insurers only
C. Deal only with insurance claims for the organisation
D. Eliminate risk completely from all parts of the organisation

3. When an underwriter quotes for a risk, they will be looking at

A. Just the type of loss which may occur
B. Only the property or event to be insured
C. The type of loss which may occur and the property or event to be insured
D. The claims history of the risk only

4. A hazard is often described as:

A. Something which influences the operation of the peril
B. The dominant cause of an insurance claim
C. The underlying cause of all insured incidents
D. Something to be ignored in the underwriting process

5. Insurers use a large number of similar risks to forecast claims accurately, known as :

A. General statistics
B. Common Pool
C. Homogenous Exposure
D. General Average